Dallas, TX
Dallas ranks among wealthiest cities in the world as millionaire count grows
Dallas is the 22nd most wealthy city in the world as its number of millionaire residents has grown by 75% in the past decade.
The city is home to 68,600 millionaires amid a period of booming economic growth, according to a report from London-based private investment migration consultancy firm Henley & Partners. It’s the sixth wealthiest city in the United States sitting behind fierce competition like New York City, Los Angeles and Chicago.
It’s not the only Texas city to make the list. Houston ranks above Dallas as the fifth wealthiest U.S. city with 90,900 millionaires and Austin is tenth in the U.S. with a millionaire count of 32,700.
It’s not just millionaires contributing to the wealth. Centimillionaires, individuals with a net worth over $100 million, are prominent in Dallas as well with 125 of them residing in the city. There’s also 15 billionaires living in the city like oilman Ray Hunt, philanthropist Margot Perot, Dallas Cowboys owner Jerry Jones and Dallas Mavericks minority owner Mark Cuban.
Dallas also plays host to 11 Fortune 500 companies like telecommunications titan AT&T, Southwest Airlines and pipeline transportation giant Energy Transfer.
Those companies are part of Dallas’ special sauce which attracts individuals with deep pockets, said Ray Perryman, CEO of the Waco-based research firm, The Perryman Group.
“Dallas has long been the economic center of the Sun Belt in terms of trade, transportation, finance and other sectors,” he said. “It has also become a major center for technology in recent decades. It also has a substantial concentration of Fortune 500 headquarters and, although not a production area, has traditionally attracted a large segment on the ownership of Texas’ vast oil and gas reserves.”
Beyond the region’s traditional companies, the city has caught the eyes of private equity firms from neighboring states and beyond.
But the job isn’t finished yet. The city recently passed its bond package, including Proposition G. It’s a $72.3 million package that is aimed at boosting economic development through incentives and grants. It was a key portion of the city’s bond package and gives lawmakers an additional tool to entice companies to look to Dallas as a potential new home for its headquarters.
The package also guarantees that $36.6 million of that will go to mixed-income housing, a crucial piece in getting companies to make Dallas a national competitor as the fight for company relocations continues, said Paul Ridley, District 14 city council representative.
“That will have a long-term effect of increasing the supply of affordable housing in Dallas,” he said. “That by itself can attract companies here. They want to perceive that the housing market is less expensive from where they’re relocating from and that there are places for their employees at all income levels to find housing.”
Strong companies along with the city’s dynamic culture means its long-term wealth trajectory is still headed in the right direction, Perryman said.
“It is only natural that the leaders in these sectors would tend to live in the area, often spanning generations of family members,” he said. “In addition, the area offers outstanding cultural, entertainment, sports and other opportunities that make it an attractive place to live. All of these factors combine to make Dallas a natural landing place for successful individuals and families.”
Courtesy of Juliet
Drake, Travis Scott, Lizzo and many other celebrities were name-dropped in the release we received about the latest modern steakhouse opening in Dallas this summer.
Juliet opened in Houston in 2022, and the movie-themed steakhouse quickly became a buzzy celebrity hangout. Now, it’s expanding into Dallas with a new location in the Design District at 1400 Hi Line Drive, right next to Delilah, another “celebrity-magnet supper club,” they called it.
The release touts that if we thought Delilah turned heads, we should wait until we see what is walking in beside it. If it’s anything like the last four Old Hollywood art deco-themed supper club restaurants to open in Dallas, sadly, they’re probably right.
The layout
What will make Juliet different is that it’s an immersive dining experience built around a movie-theater concept. Classic films will play in the background, and the dining room will have cinematic elements throughout.
The exterior of the Houston location is a replica of a movie theater marquee, and inside, it features a mock lobby with candy and popcorn displays.
A black curtain separates the lobby from the main dining room. Past it, you’ll find a wall of mirrors and black-and-white photos from iconic scenes in cinema decorating the dining room.
If they have The Godfather running in there, count us in.
The cinematic dining destination has made a name for itself with a laundry list of A-list celebrities coming in to dine with them. Notable guests they mentioned were the Dallas Cowboys wide receiver Cee Dee Lamb, Lizzo, Glorilla, Olandria, Travis Scott and Drake.
They say that to match the ambition of the Dallas dining scene, they’re delivering an even more elevated atmosphere than the Houston original.
Juliet is likely to come in swinging with its entire roster of menus, which includes brunch, dinner, dessert, steak night and happy hour. Executive chef Jeff Auld is leading the kitchen.
The dinner menu is straightforward and centered around prime steak cuts, seafood, a raw bar and classic apps like crab cakes and calamari.
Prices aren’t listed on their website, but based on Google images, you can expect appetizers to range from $14 to $28. Entrees start at $34, but there’s a jump from that cheapest option to the others, which cost $42 and up. All sides are $14.
Wednesday night is Steak night. This is $39.95 on OpenTable; diners get a choice of potato soup or Caesar salad with a 6-ounce filet mignon. There’s also a $25 Girl Dinner on Sunday nights.
Interestingly, Juliet will seemingly work in tandem with its new neighbor, Delilah, instead of against it. The side-by-side glitz of both restaurants is likely to make this strip of Dallas the place to go to see and be seen.
Imagine that.
Organizers at the FIFA Fan Fest in Dallas’ Fair Park paused entry on Sunday evening as lightning moved across the area.
Those who were already inside the fest were advised to take shelter under the main stage viewing area or take shelter in their personal cars.
North Texas was placed under a Severe Thunderstorm Watch Sunday afternoon. The watch expires at 10 p.m. Sunday night.
DALLAS – A coordinated holiday crackdown by Dallas police and fire officials resulted in the seizure of nearly a ton of illegal fireworks and multiple citations on the Fourth of July, authorities said Sunday.
Massive fireworks seizure
What we know:
The joint operations, conducted Saturday by Dallas Fire-Rescue’s Arson Division and the Dallas Police Department’s Southeast Division, netted more than 1,800 pounds of contraband across two separate incidents.
The largest seizure happened around 5 p.m. in the 3300 block of Elsie Faye Heggins Street, near Second Avenue. Acting on investigative leads, officials found a large cache of fireworks being sold out of a U-Haul truck and a van.
Authorities confiscated more than 1,400 pounds of illegal fireworks and issued two citations at the scene. Dallas Fire-Rescue’s Inspections Division assisted in taking the explosives to a secure location.
Later that evening, at 8:17 p.m., inspectors and patrol officers conducted a second, unrelated enforcement action at a home in the 4400 block of Penelope Street. That operation resulted in one citation for possession and the seizure of approximately 400 pounds of fireworks.
Officials emphasized that the illegal sale and possession of fireworks pose severe safety risks, including property damage, injuries, and fires. Both incidents remain under investigation.
The Source: Information in this article is from the Dallas Police Department.
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